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West Africa moves to set own fuel prices

2RWGWP2 Nigeria: environmental pollution by burning off gas from the oil production in the Niger delta Ogoniland
  • Regional initiative aims to replace global pricing indices with locally driven benchmarks
  • Move seen as a step toward energy sovereignty and transparency in oil trade

 

LAGOS, NIGERIA – West African countries are working to establish regional pricing benchmarks for refined petroleum products in a push to better reflect local market dynamics and reduce reliance on global price indices.

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